On The Border Receives Honor on Entrepreneur’s Prestigious 2023 Franchise Top 500 List
On The Border Receives Honor on Entrepreneur’s Prestigious
2023 Franchise Top 500 List
Iconic Tex-Mex Franchise Ranked #1 in the
“Mexican Restaurants (Full Service)” Category
DALLAS, Texas – On The Border announced today that it made the Entrepreneur Magazine’s Franchise 500® list, considered the best and most comprehensive franchise ranking in the world. Ranked at #1 in the “Mexican Restaurants (Full Service)” category, On The Border was also listed as #377 overall.
The ranking achieved by On The Border highlights the successful growth made by the brand in the past year. In 2022 alone, On The Border had 3 new locations open, one in the Everland theme park in South Korea, bringing the brand’s total number of locations to 133 restaurants in communities around the world.
“We are honored to not only be recognized on Entrepreneur’s list, but to also be #1 in our category,” said Brian Shaughnessy, Vice President of Franchise at On The Border. “We’ve been hard at work since relaunching our franchise initiative, and this rank is a huge testament to that. As we head into 2023, we’re planning for fast growth as well as ways to exceed the expectations of our lifelong fans and new guests. The whole team at On The Border can’t wait to get going on this new year and keeping the fiesta going!”
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s 44-year-old ranking formula continues to evolve as well. The editorial team researches and assesses several factors that go into the evaluation including costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
“The past year underscores the extraordinary opportunities that the franchise industry presents for entrepreneurs of all levels,” says Entrepreneur editor in chief Jason Feifer. “The companies named to our 44th annual Franchise 500 list represent some of the most innovative, creative, and trusted brands across many industries and highlight what it takes to build the kind of momentum that drives long-lasting success.”
Since opening its doors in 1982, On The Border has made a name for itself serving authentic Tex Mex dishes and ice cold margaritas to communities throughout the country. The brand revamped its menu this past year, adding on items like Mexican Pizza and birria tacos, and seasonal specialties. On The Border has not only seen success serving its items stateside, but has also expanded well into South Korea through its partnership with JRW Inc. opening its 14th international location at the Everland theme park in October 2022.
Experienced entrepreneurs interested in becoming a part of the On The Border team will have the flexibility to invest in various models to include retail space and non-traditional locations. Your investment would include working capital and an average franchise fee of $40,000. Ideal franchisees are accomplished business owners who have a history of successful operations and strong business acumen interested in multi-unit growth.
In the 44 years since its first release, the Franchise 500® list has become not only a competitive measure for franchisors, but also a primary research tool for those interested in franchising. On The Border’s position on the list is indicative of its success as a franchise company.
To view On The Border in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2023 issue of Entrepreneur, available on newsstands January 17th.
To learn more about On The border, visit https://ontheborder.com/.
For more information about franchising with On The Border, visit https://www.ontheborder.com/our-story/franchising/
About On The Border
On The Border was founded in Dallas, Texas, in 1982 with one mission: to celebrate bringing people together around food they love. Through its vibrant atmosphere, bold flavors cooked on a mesquite grill, and famous ice-cold margaritas, On The Border aims to be the #1 Tex-Mex restaurant choice in every neighborhood that it serves. The brand prides itself on being different, never settling, and being generous, not just in portions, but in spirit, too. As a crave-worthy Tex-Mex destination, On The Border is driven to give guests the best experience, and bolder reasons to come back.
About Entrepreneur Media Inc.
For 42 years, Entrepreneur Media Inc. has been serving the entrepreneurial community providing comprehensive coverage of business and personal success through original content and events. Entrepreneur magazine, Entrepreneur.com, and publishing imprint Entrepreneur Press provide solutions, information, inspiration and education read by millions of entrepreneurs and small business owners worldwide.
To learn more, visit www.entrepreneur.com.